Thursday, August 11, 2022

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EITI will allow Guyanese to know what revenues are being collected – Repsol Country Manager

Exploration Country Manager of Repsol Exploration Guyana S.A. Ryan Ramjit, believes that while the Extractive Industries Transparency Initiative (EITI) is “no silver bullet” it is extremely important for enhancing transparency and accountability. He was speaking on Saturday July 15, 2017...

Guyana signs onto OPEC fund

Guyana’s private sector is set to benefit from new avenues for finance and investments with the signing of an Agreement for Encouragement and Protection of Investment with the OPEC Fund for International Development (OFID). The country’s Minister of Finance, Winston...

Excitement high as 2nd batch of Guyanese workers head out to Stena Drillship

Excitement was high on Saturday at the head office of El Dorado Offshore (EDO) in Georgetown, as another batch of Guyanese workers prepared for the 120-mile journey offshore to the Stena Carron Drillship. Stena has selected 12 Guyanese nationals through...

Trotman says Guyana is “right on target” with preparation for first oil

“We are not in a sprint, we are in a marathon” were the words echoed by Guyana’s Minister of Natural Resources, Raphael Trotman, at the opening of ExxonMobil’s Centre for Local Business Development on Thursday. The US supermajor’s Country...

ExxonMobil opens ‘100% Guyanese outfitted’ business development centre

US supermajor ExxonMobil officially declared open its Centre for Local Business Development in Georgetown, Guyana, on Thursday. This new facility will assist small and medium-sized Guyanese businesses with building their capacity and improving their competitiveness in the oil and...

TechnipFMC says it has aggressive local content policy, “big plans for Guyana”

TechnipFMC, a leading provider of oil and gas projects, technologies, systems and services, says it has an aggressive local content policy and “big plans for Guyana” as it moves forward with development work offshore the South American country. The...

Premier makes significant oil discovery offshore Mexico

Premier Oil, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery. The Zama-1 well is...

Smart investment of oil revenues could create significant jobs – US Deputy of Mission

Significant jobs and prosperity await Guyana, but only if revenues from oil production, set to begin in 2020, is invested wisely. Deputy Chief of Mission of the US Embassy in Guyana, Terry Steers-Gonzalez, says the time for policy makers...

ExxonMobil wants Guyana to provide onshore services

Country Manager says it doesn't matter whether shore base is in Georgetown or Berbice Country Manager of ExxonMobil Guyana, Rod Henson, said it does not matter whether an onshore logistics base to support the Liza development project is located at...

Oil booms are followed by hangovers: Guyana must prepare – GOGA CEO

Oil booms result in bursts of economic growth, but this is often followed by a downturn that severely affects countries unprepared to mitigate the effects of falling prices. The head of the Guyana Oil and Gas Association (GOGA) says...

Latest News

With focus on Guyana, Frontera increases full-year CAPEX guidance to US$495M

Consistent with its increased working interest in the Corentyne block in Guyana, as previously announced on July 22, 2022,...